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Search Results 0 to 9 of about 10 (some duplicates have been removed)
is shipped to china. what do they want with a vineyard in napa valley? >> there's a big demand for luxury goods. rather than buying chinese-made products and sending our money l they're buying american made products and sending their money back over here. >> reporter: and the jobs stay here. >> yes. >> reporter: chinese firms flush with cash have invested $16.4 billion in the u.s. in the past decade. $1.3billion in california companies. $560million in just the past year. the chinese are boosting the golden states housing recovery. they bought one out it have every ten homes sold in the past year. >> compare to high end housing like in beijing, this is not that expensive. >> reporter: a student at the university of southern california. his parents bought him this yearly $1 million condo. they thought renting a dorm room was a waste of money. >> my parents decide to buy me a house as a investment outside china. >> reporter: jim jacobson has sold 22% of the residents to affluent chinese. >> they don't have a place to put their money. they look at their own economy as a place where it's not v
blackstone shows us how tumbling off the fiscal cliff could destroy the legacy of a napa valley vineyard. >> reporter: when his great grandfather started farming her in the late 1800s... >> they farmed orchard fruit and cattle. >> reporter: but much of the land he grew up on is gone, sold, to pay estate taxes after his grandfather's death. >> had to sell all of it. >> estate taxes? >> yes. >> reporter: his grandfather died in 1972 when estate taxes were at an all-time high, 77%. >> it was a big tax bill. it was, you know, half a million dollars. we sold off 150 acres. it gave us something to pay the tax with. >> reporter: now, jeff and his wife marry worry their dream of passing the land on to their two daughters will be ruined by the fiscal cliff. the estate tax rate would rise from 35 to 55% on estates worth over $1 million. at today's prices in the napa valley, the land could easily be worth $8 million. >> you're wealthy, but it's all in the dirt. we're dirt rich, cash poor. >> reporter: for the paiges, more than money is at stake. they want the land which is part of their family's pa
hanging off shore too much. so if that verifies, we're not going to get anything. 34 in napa. a few high clouds in santa rosa. dew point in santa rosa is up to 96%. we'll probably get fog by tomorrow. pinpoint forecast, we're just not going to get out of the 50's. 53 at half moon bay. 52 over at brentwood. 51 in napa. sausalito, 52. extended forecast looks like this. we'll increase clouds tomorrow. saturday afternoon, all the way through next thursday, it looks high and dry. readings mostly in the 50's. tomorrow morning, all the latest on this on the morning news. in the meantime, finally, we'll be drying it out. >> dry spell is good. >>> hey, we'll see the pomeranian held for ransom. a bizarre dog-napping. ,,,,,,,,,,,,,, ♪ [ female announcer ] no more paper coupons. no more paper lists. [ dog barking ] ♪ no more paper anything. safeway presents just for u. ♪ save more. save easier. saving more, starts now. just for u on the safeway app. torturing >>> a pair of uc berkeley law students facing charges in las vegas. they're accused of killing and torturing an exotic bird at the flami
anything. 34 in napa. a few high clouds in santa rosa. dew point in santa rosa is up to 96%. we'll probably get fog by tomorrow. pinpoint forecast, we're just not going to get out of the 50's. 53 at half moon bay. 52 over at brentwood. 51 in napa. sausalito, 52. extended forecast looks like this. we'll increase clouds tomorrow. saturday afternoon, all the way through next thursday, it looks high and dry. readings mostly in the 50's. tomorrow morning, all the latest on this on the morning news. in the meantime, finally, we'll be drying it out. >> dry spell is good. >>> hey, we'll see the >>> hey, we'll see the pomeranian torturin >>> a pair of uc berkeley law students facing charges in las vegas. they're accused of killing and torturing an exotic bird at the flamingo resort. justin and eric kuar, both 24, face felony and misdemeanor charges after they allegedly decapitated the bird in october. >>> an l.a. area pet is reunited with its owner after being dog napped. they got out of their owner's home through an open gate. a neighbor was able to grab the shepherd, but the pomeranian was too qu
to be chilly, likely the heater will turn over a couple times tonight. fremont, 38. tomorrow morning in napa, 36. san francisco and oakland, low to mid 40's. here's the setup in the atmosphere. we still have a light to moderate on shore flow. high pressure building in tonight. building in tomorrow. keeping us dry, but not for long, just for tomorrow and the first half of friday, before the next low pressure area moves in. but this one doesn't have as much moisture in it as the past couple. even though we're still going to get a pretty direct hit from it, we're only going to see light to moderate rainfall. so flooding concerns, i don't see it. but landslide concerns can be an issue, when you get the accumulating rainfall over time, which we have had. rain-free tomorrow and for the first half of friday. then we get on-and-off rainfall friday night into saturday. then the rest of your week looking pretty dry. a great weekend to go hit the slopes. lots of snow. what a difference from last year to this year. tomorrow the difference will be we'll be dry for most of the day. palo alto, 54. san mate
for that is that the duties of chose to come in on christmas eve. he drove in from napa to san francisco and he says he did it to help a few people out. in the newsroom, grace lee, cbs 5. >>> tonight some people are feeling the pain of procrastination. last-minute shoppers are searching for bargains but finding the shelves bare. christin ayers on the million reasons why they waited. >> reporter: twas the night before christmas and all through the door, a slew of last-minute shoppers with excuses galore. >> this year just kind of snuck up on me. >> reporter: the customers were fighting over toys in the aisle. shelves bare and picked over to the chagrin of this child. >> there's nothing in here. everything is gone! like the my little ponies, they aren't even around. >> reporter: the registers rang. a santa sang. but at the stroke of 10, it all came to an end. shops closed, leaving only one place to spend. because it's christmas eve and you know what that means. the only store open now is your local walgreens. >> christmas eve is by far the busiest day of the year for us. >> reporter: 4,000 procrastinators w
Search Results 0 to 9 of about 10 (some duplicates have been removed)